Crude shipments from oil-rich Venezuela have hit new lows, tumbling in June to levels unseen since 1943. Caracas is struggling to reach buyers for its crude due to increasing US sanctions, Russia Today writes.
Venezuelan state-owned oil company PDVSA carried around 379,000 barrels per day (bpd) of crude and refined...
Inhabitants of Russian cities can now add gas to their list for online shopping, as two startups offer fuel delivery direct to a parked car, Reuters reports.
Such services are already available in North America and Europe, but may have special appeal in Russia given the country's particularly harsh winters,...
Russian oil companies are forced to evacuate workers and suspend drilling in Siberian oilfields as wildfires continue to rage, industry sources told Reuters.
The conditions are adding to challenges facing the world's second-largest crude exporter which is already battling an oil contamination problem, the news agency writes.
Russian output fell to...
Austrian energy major OMV and Russian state-run gas producer Gazprom have announced an extension to their basic sale agreement for a gas asset in Siberia, the two companies said in a statement.
The firms said in separate statements negotiations for the preparation of a final agreement will take place by June 2022, on...
The world's biggest 14 publicly-traded oil companies saw their market capitalization decline by a total of $495 billion this week as oil prices, already battered by coronavirus outbreak, crashed after the collapse of an output deal between OPEC and Russia, IAM reports.
The stock price of Saudi Aramco, the world's...
The United States and India have agreed that a U.S. company, most likely Westinghouse, will construct six nuclear power plants in India, dealing a blow to Russian hopes for the lucrative nuclear deal, Nezavisimaya Gazeta reports.
Russia and India struck an agreement during President Vladimir Putin’s visit to New Delhi...
Despite obstacles including the threat of U.S. sanctions, the Nord Stream 2 gas pipeline is “past the point of no return”, the head of Russian state gas giant Gazprom Alexei Miller said on Friday, according to Lenta.ru.
“We are working from the idea that Nord Stream 2 will be realized...
The First Deputy Head of the Russian Government Office Sergei Prikhodko told reporters on Monday that Russia expects China to enter Novatek’s Arctic LNG-2 project, TASS news agency reports.
Prikhodko was commenting on Prime Minister Dmitry Medvedev’s visit to China, scheduled for this week.
"We believe that our Chinese partners may show...
The European Commission (EC) said on Thursday that it concluded a long-running antitrust investigation into Gazprom’s dominance in regional gas markets, by reaching a settlement with the Russian energy giant, TASS reported.
Officials in Brussels said the company had accepted a series of concessions, but unlike with competition inquiries...
